A low inventory of homes for sale has remained a huge challenge for buyers. A national housing shortage, caused in good measure by new home construction failing to keep up with demand, will likely take decades to recover. But other changing economic conditions, particularly those that affect mortgage interest rates, could help increase opportunities for buyers and sellers in … [Read more...] about Home Inventory Likely to Go Up as Mortgage Rates Drop What Might that Mean for Home Buyers and Sellers?
Dropping Mortgage Rates Offers Hopeful Trend What Might that Mean for Home Buyers and Sellers?
Mortgage rates are finally coming down in a significant way, a trend that will hopefully continue next week after the Federal Reserve meeting and beyond. According to Mortgage News Daily, rates have dropped to their lowest level since February 2023, despite increased inflation because now the labor market has taken center stage. Today’s (September 12, 2024) average 30-year … [Read more...] about Dropping Mortgage Rates Offers Hopeful Trend What Might that Mean for Home Buyers and Sellers?
Should I Buy a Home or Put My Money in the Stock Market? What Might that Mean for Home Buyers and Sellers?
Some financial advisors maintain that putting money in the stock market rather than buying a home is a better investment, particularly when housing prices and interest rates are high. For example, a contributor to Forbes notes: “Put simply, an investment in real estate earns just three to four percent per year historically; on the contrary, investments in the stock market post … [Read more...] about Should I Buy a Home or Put My Money in the Stock Market? What Might that Mean for Home Buyers and Sellers?
Home Buyer Tips for the Fall of 2023 Don't Give Up: Buy Now
Transcript: If you're looking to buy a house in this real estate market, you're probably pretty frustrated right now. It's totally understandable. Prices are still pretty high and interest rates continue to make homes less and less affordable. I'm Angela Logomasini with Samson Properties, and today I'm going to give you a couple tips on how to navigate this crazy real estate … [Read more...] about Home Buyer Tips for the Fall of 2023 Don't Give Up: Buy Now
Home Ownership is a Wealth Generator Holding off on buying a home can be a costly mistake.
Did you know that owning a home is a wealth generator for many Americans? According to 2023 research by National Association of Realtors® (NAR) economists, "A typical homeowner’s net worth is 40 times higher than that of a renter.” Indeed, real estate is both a great financial investment, in addition to being a great investment in one’s quality of life. So, if you plan to … [Read more...] about Home Ownership is a Wealth Generator Holding off on buying a home can be a costly mistake.
